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Friday, March 29

ING Life India adds new ULIP products to its portfolio

ING Life India adds new ULIP products to its portfolio


Mangalore Today News Network

Mangalore, Jan 4: “ING Life India, which forms a part of ING Group, has announced the launch of 5 brand new customer friendly Unit Linked Insurance products that focus on providing funds for retirement, investment, as well as children’s education,” said Mr. Amit Gupta, the director of marketing and communications at the Silver Bells of Hotel Gold Finch on Jan 4, Monday. 

The newly launched ING Life India products are ING New Creating Star, ING Freedom Plan, ING New Prime Life, ING New Golden Life, and ING Future Perfect. All these products are packed with benefits, which will enable customers to obtain maximized returns, said Mr. Gupta. 


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Besides insurance products, ING Life India has also launched ING Prime Equity and ING Preserve, 2 new funds. Hundred percent of the funds in ING Prime Equity will be invested in equity instruments; and 100 percent of the funds in ING Preserver will be invested in debt instruments at an NFO of Rs 10. In addition, 2 pre-defined investment plans called ING Prudent and ING Enhancer were also announced. 

Mr. Amit Gupta also informed press people that these products have been launched in Mangalore for the first time. Their market share occupies the top fifth position in South India and the top third position in Mangalore. The company now offers a total of 18 products, of which 8 are ULIP products. 

The 5 new ULIP products offer several benefits for customers including better returns owing to reduced charges. They include loyalty additions up to 275 percent of their initial allocation charges. Besides, these products are designed to satisfy requirements such as savings, investment, education funds, and retirement funds. 

ING New Golden Life, a unit-linked pension plan, enables customers to plan their retirement on their own terms and offers customers the opportunity to select their age of retirement, loyalty additions, and flexible investment strategies. 

By adding the above funds and products to its portfolio, ING Life India has definitely made its product portfolio rich and attractive. The company now offers a comprehensive range of products to help customers manage their financial life better and to secure their future. 


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